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House Passes Trump's "Big, Beautiful Bill," Setting Stage for Senate Showdown

#Wall Street #stimulus #Donald Trump -
08.02.2026

The House of Representatives narrowly passed President Trump's "Big, Beautiful Bill" by a vote of 215-214, amidst significant GOP infighting and strong Democratic opposition. Key provisions of the bill include tax cuts, a $4 trillion debt ceiling increase, and restrictions on Medicaid and SNAP, alongside increased border spending. Critics are warning of a potential $5 trillion increase in the deficit and 8.6 million people losing healthcare cov...

The Wall Street Journal News Digest: Iran Situation, U.S. Domestic Politics, and Economic News

#Iran #Israel #Wall Street -
08.02.2026

Geopolitics and Iran's Nuclear Program According to a U.S. announcement, strikes have been conducted against Iranian nuclear facilities, including Fordow, Natanz, and Isfahan, causing significant damage. The Pentagon states these targets represent the core of Iran's nuclear program. Iran has indicated an unwillingness for diplomacy following the U.S. strikes and is considering retaliatory measures. There is also speculation whether Iran will a...

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